Fanning demonstrates that, when all else is equal, a high growth market will have a higher equilibrium vacancy rate
(lower equilibrium occupancy rate).
In the Makati submarket, KMC Savills reported that with Insular Life Makati Building coming online, grade A office vacancy rate
While Midtown vacancy rates
continued to move lower this quarter, the pace at which they have fallen has slowed," said Delmonte.
As stated, the physical vacancy rate
is a simple measure of the share of rentable apartment units that is currently vacant and available for rental.
The office market has seen vacancy rates
decline since the second quarter of 2003--about 4 1/2 years--and the industrial market has been consistently improving since the first quarter of 2004, noted Torto.
According to Ikoma Data Service System, a real estate consultancy, office vacancy rates
in the center of Tokyo were nearly 9 percent in the fall of 2003.
The marketing survey also showed that the vacancy rate
in the city's north end fell to 4.
While Midtown South recorded a significant drop in vacancy rates
in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates
in more than a year.
In the office market, vacancy rates
continued to decline--but at just half the rate of the previous two quarters, falling 10 basis points to 14.
in social care are "about twice as high of those for the totality of all private and public sector business activity in England".
The rental vacancy rate
increased in the Northeast from 6.